Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Montecito area can be challenging. Home prices in Montecito are now at a median cost of $1,986,226, higher than the California average of $648,235.
The average cost of rent is $2,688/mo in Montecito, primarily driven by the current value of real estate in the Montecito area. While nearly 48.63% of residents own their homes outright in Montecito, 26.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Montecito is $14,761 per month. Households that rent pay about 18.21% of their income on rent here. Montecito's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Woodstock, VA: less expensive homes
- Woodlake, CA: less expensive homes
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